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Further Details on the JobKeeper Payment - By The Numbers Accounting BlogJobKeeperBusiness AdviceCOVID-19

JobKeeper Payment

Finally some relief and support for those self-employed operating under as a sole trader, trust, company, or partnership, but you were not paying yourself a wage. IF YOUR BUSINESS REVENUE DROPS BELOW 30% then you will be entitled to receive the JobSeeker payment from the government. We still DO NOT have details around the mechanisms of JobKeeper payment, hopefully, we will know more early next week. Following registration by the eligible business (we will provide further details shortly), the Government…
COVID-19 Support Assistance - By The Numbers Accounting BlogCOVID-19

Further Assistance for Business Owners – Covid-19

The team at By The Numbers are here to offer continual support, advice and assistance throughout the coming weeks. We believe it is important to update our clients regularly with relevant information to assist with their business at this time. There have been some recent announcements that we would like to share with you. Banks deferring small-business loan repayments for 6 months The Australian Banking Association have announced that small business will be allowed to defer loan repayments for six…
Business AdviceCOVID-19

Supporting Apprentices and Trainees

Supporting Apprentices and Trainees is the new government stimulus that provides a wage subsidy to small businesses to support the retention of existing apprentices and trainees in your business. The subsidy will be available to small businesses employing fewer than 20 employees who retain an apprentice or trainee. Eligible employers MUST APPLY for the wage subsidy of 50 per cent of the apprentice’s or trainee’s wage for 9 months from 1st January 2020 to 30th September 2020. Employers will be…
JobKeeperCOVID-19

Further Support Announced – JobKeeper Payments

Yesterday afternoon the Government released an extraordinary stimulus package to support employers and designed to help us all get through this mess, dubbed Jobkeeper program. If an employer’s turnover has decreased by 30% they could be entitled to $1,500 per fortnight per employee. Full time and part-time employees, including stood down employees, would be eligible for the JobKeeper Payment. Where a casual employee has been with their employer for at least the previous 12 months they will also be eligible…
Work From Home Tax Deductions - By The Numbers AccountingTaxCOVID-19

Tax Deductions – Your Home Office

Much like the whole team at By The Numbers, many of you will find yourself working from home or remotely due to COVID-19. This means that a spike in home office expenses claimed in tax returns for the 2019-20 year and lodged with the Australian Taxation Office will occur. You will need to keep an accurate record on your expenses through this period, in order to claim these as deductions on income earned for the year when lodging your tax…
Business AdviceCOVID-19

Maribyrnong City Council Announces Measures to Assist Small Business in the Area

There have been some recent announcements to assist some of our local clients. Mayor Sarah Carter announced yesterday planned measures to further assist small business in the Maribyrnong City Council area effected by COVID-19. The first phase of the support package will be implemented to help business cope with the financial impact of the Coronavirus. “Small business is the lifeblood of our community” Sarah Carter, Mayor of Maribyrnong City Council. Eligible commercial businesses will be able to defer the payments…
COVID-19Business Advice

Workplace Wizards – Managing workplaces during COVID-19

We would like to introduce you all to one of By The Number's clients, Workplace Wizards. They have stepped up and have been kind enough to put together some “how-to guides” around some of the issues facing all of us during these uncertain times. We continue to encourage you to stay up to date on the latest advice from health authorities, review your workplace health and safety policies and procedures, and prepare/review your business continuity plans. Workplace Wizards 143 Nelson…